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6427.0 - Producer Price Indexes, Australia, Sep 2013  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/11/2013   
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STAGE OF PRODUCTION COMMENTARY


STAGE OF PRODUCTION (SOP) OVERVIEW

In the September quarter 2013, the Final demand index rose 1.3%, the Intermediate demand index rose 1.7% and the Preliminary demand index rose 2.0%. Through the year to the September quarter 2013, the Final demand index rose 1.9%, the Intermediate demand index rose 2.4% and the Preliminary demand index rose 2.5%.

The rise of 1.3% in the Final demand index reflected an increase of 0.8% in the prices of domestically produced products and an increase of 5.9% in the prices of imported products. The domestic component recorded rises in the prices received for electricity supply; gas supply; and water supply, sewerage and drainage services (+4.8%) and petroleum refining and petroleum fuel manufacturing (+9.1%). Partly offsetting these rises were falls in the prices received for motor vehicle and motor vehicle part manufacturing (-3.6%) and other agriculture (-3.9%). The imports component recorded rises in the prices for computer and electronic equipment manufacturing (+6.2%), specialised machinery and equipment manufacturing (+6.9%) and furniture and other manufacturing (+9.7%). The depreciation of the Australian dollar against all of our major trading currencies contributed to this rise. There were no offsetting factors for the imports component in the September quarter 2013.

The rise of 1.7% in the Intermediate demand index reflected an increase of 1.1% in the prices of domestically produced products and an increase of 6.8% in the prices of imported products. The domestic component recorded rises in the prices received for petroleum refining and petroleum fuel manufacturing (+11.9%), electricity supply; gas supply; and water supply, sewerage and drainage services (+4.1%) and sheep, beef cattle and grain farming; and dairy cattle farming (+8.6%). Partly offsetting these rises were falls in the prices received for meat and meat product manufacturing (-1.9%). The imports component recorded rises in the prices for petroleum refining and petroleum fuel manufacturing (+13.4%), textile, leather, clothing and footwear manufacturing (+8.2%) and oil and gas extraction (+4.7%). The depreciation of the Australian dollar against all of our major trading currencies contributed to this rise. Partly offsetting these rises were falls in the prices for basic polymer manufacturing (-0.3%).

The rise of 2.0% in the Preliminary demand index reflected an increase of 1.5% in the prices of domestically produced products and an increase of 5.9% in the prices of imported products. The domestic component recorded rises in the prices received for petroleum refining and petroleum fuel manufacturing (+12.5%), metal ore mining (+9.8%) and electricity supply; gas supply; and water supply, sewerage and drainage services (+4.2%). Partly offsetting these rises were falls in the prices received for meat and meat product manufacturing (-2.8%). The imports component recorded rises in the prices for petroleum refining and petroleum fuel manufacturing (+13.7%), oil and gas extraction (+4.8%) and textile, leather, clothing and footwear manufacturing (+7.9%). The depreciation of the Australian dollar against all of our major trading currencies contributed to this rise. There were no offsetting factors for the imports component in the September quarter 2013.

Comparison of SOP indexes
Graph: Comparison of SOP indexes



WHERE TO FIND ADDITIONAL COMMENTARY

Additional commentary for Producer Price Indexes is available in the entry for Producer Price Indexes, Australia (cat. no. 6427.0) on the ABS website <http://www.abs.gov.au>.

The additional commentary includes:
  • Mining industries producer price indexes
      • Input to the Coal mining industry
  • Manufacturing industries producer price indexes
      • Input to the Manufacturing industries
      • Output of the Manufacturing industries
  • Construction industries producer price indexes
      • Input to the House construction industry
      • Output of the Construction industries
  • Services industries producer price indexes
      • Output of the Services industries
Diagram: WHERE TO FIND ADDITIONAL COMMENTARY


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